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Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314
Correction to the above: Working with NT and Crossland support, we were able to fix the TF problem this morning. Now historical and live data work just like any other instrument.
Slipknot, thanks for all these useful informations, I will talk with them, cos I'm finding a new broker with lower commission, but my fear is always that of a rip peck.
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314
My suggestion is to email support at deepdiscounttrading dot com with any questions you might have. Make sure they are answered to your satisfaction and in a timely manner.
Ultimately, the exceptional customer service from Howard is what tipped the scale in favor of me using them.
Mirus has some real nice advantages. It was a tough decision... but since I'm a scalper, low low commissions is a must.
FYI, ThinkOrSwim also has $3.50 RT, but I never really looked into them.
Thinkorswim is actually $3.50 per side ($7.00 RT). They will give you a lower rate if you have more volume, but I think $6 RT is the lowest they will go. I use them for trading my retirement accounts which is longer term swing trading and they are great for that. I would not recommend them for Day trading though, the data feed is not reliable enough.
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314
That's why you always look into who the clearing firm is. That is where your money actually is. DDT is simply an IB. Without an IB, there are very few brokerages that will talk to you unless you are depositing a LOT of money. Daytrading margins are a function of your broker (or IB). They basically monitor your risk and guarantee the clearing firm you will not put them at risk. Hence the lower margins.
Just try calling Dorman or Rosentall Collins and see how far you get once they realize you are a small fish.
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314
Be sure to ask about execution fees for platforms also. I pay .10 per side for NT (Not the static DOM either). Here's the platform fees through my IB... don't know if they are the same with Crossland direct or not. Other than that, I can't think of any other surprises.
Did they happen to quote you margins and minimum deposit?